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National Farmers develop policy

Delegates to the National Farmers convention in West Des Moines this week approved policy positions in four key areas.

Delegates approved a policy position supporting current funding levels for crop insurance, delegates voted to support adding transparency to futures markets and close the door to excessive speculation, that policy also calls for clarifying the oversight mission of the Commodity Futures Trading Commission (CFTC). Policy was adopted that supports establishing a National Grain Reserve Program.

National Farmers members, concerned about foreign investors, insurance companies, lenders and commodity buyers gaining advantage in farmland purchases voted in favor of eliminating the 1031 tax exchange. As part of that same policy position, National Farmer members voted to support estate tax relief, making the 2010 tax package permanent.

“Estate taxes are of great concern as farmland moves from one generation into the hands of the next,” said National Farmers Ag Policy Analyst Gene Paul. “Handling this major concern more fairly today, will provide for better opportunities for a new generation of producers, an issue of critical importance in American agriculture.”

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